Dogecoin (DOGE) Position To Rally After Latest X Move

In recent times, #Dogecoin #DOGE has lost out to the different meme coins that have flooded the crypto market. Coupled with the bearish signals that have engulfed Dogecoin, investors are beginning to lose hope in the token. However, things are coming back into shape for Dogecoin after speculation erupted in the crypto space that Elon Musk is planning moves to push Dogecoin into shape.

Having used Dogecoin as a payment option on Tesla, Elon Musk is planning to bring the initiative to X. With the huge popularity of the X platform, making Dogecoin a payment option for ads will shore up the image and potentially push up the price. With this development, Dogecoin could be heading for a massive rally in August .